Mailprotector, a provider of cloud-based email security, management, and hosting services, raised $5 million in growth equity funding from Ballast Point Ventures, a later-stage venture capital and growth equity fund.
The company plans to use the new funds to accelerate product development, grow sales and marketing efforts, and expand services to its growing network of Managed Service Providers (MSPs). As part of the expansion, the company plans to add more than 30 positions across all departments at its Greenville, SC headquarters, and other locations around the country.
Mailprotector offerings include inbound and outbound email security, email continuity, email archiving, email encryption, and business-class hosted email solutions.
“Mailprotector is dedicated to empowering our channel partners with highly valued services and profitable recurring revenue streams,” said David Setzer, Mailprotector founder & CEO.
“We know that email is still the prime vector for cyber-attacks, especially financially crippling ransomware and phishing threats. This investment means we can supercharge the development of our world-class cybersecurity protection tools for our partners and their clients, giving them an even stronger first line of defense against cyber threats and user error,” Setzer added.
As part of the investment, Robert Faber, Partner at Ballast Point Ventures, will join the Mailprotector Board of Directors.
Image Credit: Mailprotector